Taxation Specialist

Job purpose

The purpose of the job is to:

Ensure monthly VAT data collection, review, consolidation, and preparation of FAB Group VAT returns, including collecting supporting documentation and any responses as may be required.

Conduct monthly transactional review and reconciliation for AOV submissions.

Support the tax team by working closely with supporting stakeholders of the business in identifying and implementing tax-related system enhancements.

Ensure tax payments have been appropriately made to the tax authority, journal entries are prepared, and reconciled in accordance with internal group policies and procedures.

Assist in collecting and observing indirect tax data of international branches and subsidiaries in order to identify potential relevances.

Assist the tax team coordinator in all IT-related projects, reconciliations, and project UATs.

Assist with other tax administration matters and ad hoc requirements.

Key accountabilities

A self-starter and motivated individual.

Shows good drive and initiative with strong interpersonal skills.

Ability to work under pressure and within tight deadlines.

Ability to interact with multiple stakeholders across the bank.

Deals with external consultants wherever required.

Deals with tax authority as required on a timely basis.

Job context

Specific accountability

Prepare VAT/GST return filing documents as required under Group Tax Policies, including procedures manuals and SOPs.

Support the Group Tax team in representation on all Finance/IT systems projects concerning VAT/GST data requirements.

Identify VAT/GST requirements in systems that need to be automated and highlight to the Tax manager.

Collect and follow up on indirect tax compliance submissions from international sites.

Support Tax manager in arranging audit data to close out audit points raised and ensure minimization of new audit points.

Keep up to date with relevant tax technical developments.

Ensure timely AOV submissions by performing transactional review and account reconciliation.

Support Tax manager in VAT/GST internal projects as and when required.

Frameworks, boundaries, & decision-making authority

Delegation of authority for taxation as required.

Key support for tax information for Group Finance.

Group Tax Policy adherence.

Group Governance Policy for Taxation.

Delegated authority on administration for corporate tax as well as tax transfer pricing matters internally.

Qualifications & experience

Minimum qualification

Relevant academic qualifications (Accounting/Tax preferred).

First or second-degree qualification.

Professional tax qualification.

Minimum experience

3+ years of experience in the banking industry and 2+ years' experience in indirect tax (VAT/GST) compliance.

Experience of indirect tax processes and a good understanding of different technologies applied in a tax environment.

Good knowledge of IT systems and use of tax accounting systems.

Strong communication and interpersonal skills.

Attention to detail.

Quick learner and self-motivated.

Able to record issues and propose solutions.

Ability to handle pressure and tight timeframes.

About us

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.

Career development

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our values

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally. Our culture rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.